US News: g20: biden will call the energy producing countries to open the valves

Joe Biden defends his investment plans and answers the public on CNN

 Joe Biden defends his investment plans and answers the public on CNN © AFP - Nicholas Kamm US President Joe Biden on the CNN Plateau, October 21, 2021. Joe Biden was on television, on the chain CNN, this Thursday night 21 October. The US President, who faces downward surveys, answered the public's questions, especially to defend his investment plans, who have a hard time satisfy all elected officials in his camp.

g20-top-biden: g20: biden will call energy producing countries to open the valves

G20: BIDEN VA APPELER LES PAYS PRODUCTEURS D'ÉNERGIE À OUVRIR LES VANNES © Reuters / remo casilli g20: biden goes Calling Energy Producers Open Vannes

by Andrea Shalal and Jeff Mason

Rome (Reuters) - President of the United States, Joe Biden, will call on Saturday's leading G20 energy producing countries to increase their production In order to reinforce the global economic recovery, said a senior official of the US administration before the opening of a summit bringing together the leaders of the world's largest economies in Rome.

G20 officials must also discuss efforts to put an end to the CVIV-19 pandemic and announce the creation of a dedicated structure that will have the mission to improve coordination and planning to prevent the next pandemic.

biden announces a "historic" agreement on its investment plan

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They should also approve an agreement supported by more than 130 countries aimed at establishing a global minimum tax for businesses.

G20 members, however, remain divided on a number of questions. With the outbreak of oil and gas prices, energy-producing countries such as Russia and Saudi Arabia have not increased sufficiently their production to meet major energy consumers, who are worried about risks. shortages and impact on inflation.

the outbreak of natural gas prices, whose reference price in Europe increased by almost 600% this year, was fueled by the low level of stocks and the increase in demand as savings are recovering from The CVIV-19 crisis.

Joe Biden's advisor for National Security, Jake Sullivan, raised similar questions during a visit to Brussels this month, pointing Russia's finger for his "energy use as a coercion tool, like political weapon ".

head-to-face with the pope, face-to-face with Macron: biden in Rome Friday in curtain lift G20

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"Some major energy producers have a reserve capacity, and we encourage them to use it to ensure a stronger and more sustainable recovery in the world," said a member of the Biden administration, without identifying in particular countries.

He added that G20 leaders would not specifically target the organization of oil exporting countries (OPEC), including Saudi Arabia, and would not set any objective in terms of energy production.

The Russian President Vladimir Putin will not attend the summit in person, but he should participate virtually.

During their trade on the economy, G20 leaders will also support an agreement with more than 130 countries on a minimum worldwide tax on 15%, which could result in some $ 60 billion in tax revenue. Additional per year for the United States alone, said the same manager.

(Report Andrea Shalal and Jeff Mason, French Version Jean-Michel Bélot)

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